LCR should include equity, says ACP’s Nouy

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The French prudential regulator, Autorité de Contrôle Prudentiel (ACP), appears to be at odds with the Basel Committee on Banking Supervision over whether equity should be included in the liquidity coverage ratio (LCR).

In an interview with Risk, Danièle Nouy, secretary-general of the ACP, expresses concern that the list of eligible assets under the LCR is too narrow and should be broadened. The LCR, finalised by the Basel Committee last December, requires banks to hold enough liquid assets to

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